In welchen Wirtschafts-Jobs kannst du Millionär werden? (2023)

Summary

In this video, David Döbel, co-founder of career coaching platform Pumpkin Careers, discusses high-paying economic jobs that can lead to becoming a millionaire. He emphasizes the importance of job satisfaction beyond just high salaries and outlines top careers such as investment banking, private equity, management consulting, and starting or joining a successful startup. David also highlights the potential for high earnings in sales and asset management, while stressing the need for hard work, talent, and a bit of luck to excel in these competitive fields.

Takeaways

• 😀 The video discusses high-earning potential jobs in the economy, emphasizing that money alone does not bring happiness and should not be the sole factor in choosing a job.
• 💼 The founder of Pumpkin Careers, David Döbel, highlights that certain jobs offer high salary potential but also require personal satisfaction and alignment with one's lifestyle.
• 💡 It's important to understand that high-paying jobs often involve solving significant problems for businesses or clients, which provide economic advantages.
• 🏦 Investment banking is presented as a job where one can earn a lot, especially in M&A, with starting salaries around €100,000 and potential for significant bonuses.
• 📈 Private Equity is another high-earning field, where investing in non-public companies can lead to high returns and substantial salaries, especially in venture capital.
• 🔑 A key principle for high earnings is performance-based compensation, where one's salary is directly linked to their individual achievements and contributions.
• 👔 Corporate consulting can also lead to high earnings, especially after 8-10 years of experience when one might become a partner at a top strategic consulting firm.
• 🚀 Starting a business or being an early employee in a successful startup can lead to wealth accumulation, as exemplified by early Facebook employees.
• 🎯 Sales roles, particularly in finance or tech, can offer high earnings for those who excel, with the potential to earn in the hundreds of thousands of euros annually.
• 💰 Asset Management, especially in portfolio management, can be lucrative if one contributes significantly to the performance of asset funds.
• 🌟 The video concludes by promoting Pumpkin Careers' coaching program, which aims to help students optimize their academic and professional paths to achieve their career goals.

Q & A

Who is David Döbel and what is his profession?

David Döbel is one of the founders of Pumpkin Careers, a career coaching platform that supports students in securing top jobs in the economy after their studies.

What is the primary goal of Pumpkin Careers?

The primary goal of Pumpkin Careers is to assist students in finding their way into top jobs in the economy, such as in large banks, consulting firms, corporations, and startups.

Why is it important to understand that money alone does not bring happiness according to David?

David emphasizes that while financial goals are understandable, one should not choose a job solely based on the amount of money it offers. It's important to also enjoy the work content and find personal fulfillment.

What are the two main principles David mentions for earning high income in a job?

The two main principles are: 1) solving a problem that has economic value for the company or customer, and 2) having a high performance-related bonus component, where the salary is linked to individual performance.

What is Investment Banking and why is it a high-paying job?

Investment Banking involves advising large corporations on mergers and acquisitions, which is of great importance to the company's top management and can significantly influence the company's value. High fees are paid for this service, making it a high-paying job.

What is the starting salary range for someone entering Investment Banking after completing a Bachelor's or Master's degree?

The starting salary range is approximately €100,000, including a base salary and a bonus component.

What is Private Equity and how does it differ from Investment Banking?

Private Equity involves investing in non-publicly traded companies, often with the aim of improving management, strategy, and creating synergies within a corporate group before selling the company for a profit. It differs from Investment Banking in that it involves owning and actively managing investments rather than advising on transactions.

What is the potential annual complete compensation one could earn in Venture Capital, a subset of Private Equity?

In Venture Capital, one could potentially earn several million euros per year, with the possibility of reaching into the eight-figure range if the funds perform exceptionally well.

What are some of the benefits of working in Management Consulting, as mentioned by David?

In Management Consulting, although the starting salary may not be as high as in Investment Banking, the lifestyle can be beneficial with lower living costs, such as staying in nice hotels during the week and having meals paid for.

What is the potential for high earnings in Asset Management and what is required to achieve it?

In Asset Management, contributing to the good performance of asset funds can lead to very attractive earnings. However, this often requires working in major financial centers like London or the USA.

What is the role of sales in potentially earning high income and what are the requirements?

Sales can offer high earnings, especially in the financial sector, for those who can sell high-value products or services. It often requires a strong educational background, good performance, and the ability to negotiate high commissions.

What advice does David give for students aiming to get into high-demand jobs in the economy?

David advises students to optimize their academic performance, gain relevant internships, build a professional network, and consider professional coaching to navigate the competitive job market effectively.